—SOLD—

43.80± Acres
$1,850,000

Fredericksburg, Texas
Gillespie County

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US-290 TO THE PEDERNALES RIVER
IN THE HEART OF THE HILL COUNTRY WINE CORRIDOR

Another FINE Texas Property

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Overview

Wildwood Farm lies in the heart of the Texas Hill Country Wine Corridor 15 minutes east of Fredericksburg. The defining features of this property are 1,145’ of frontage along a deep stretch of the Pedernales River and 475’ of frontage along US-290. This section of the highway is serviced by a center turning lane. There are approximately 14.55 ac of tillable fields on the property, with a 7.80 ac field that fronts US-290 and a 6.75 ac field behind the residence. There is also a secondary creek that runs for 3,330’, meandering through the center of the tract, which flows into the river on the property. With its natural beauty, mature tree cover, tillable soil, existing improvements and nearby location relative to Fredericksburg, this unique property has all of the elements in-place to host a winery, tasting room, or other commercial development.

Location & Access

Charming Fredericksburg (great restaurants, music venues, shopping, hospital, supplies) is an easy 15-minute drive from the property. Sitting in the heart of wine country, popular wineries such as Grape Creek Vineyards, Heath Sparkling Wines, and Messina Hof are only minutes away. Central Austin is a 1-hour, 15-minute drive via US-290 and San Antonio is 1-hour, 20-minute drive via US-87 and I-10. The property has 475’ of frontage along the north line of US-290 with a center turning lane along this portion of the highway. Property Address: 11290 E US Hwy 290, Fredericksburg, TX 78624.

Water

The Pedernales River forms the northern boundary of the property with 1,145’ or about 380 yards of frontage. This section of the river runs deep, with shallower running water at the property corners. The width of the river along this stretch is approximately 125’. There is also a secondary creek which meanders through the property in a northerly direction for roughly 3,330’, emptying into the river near the northwest corner. For potable water, there is 23 GPM water well that services the residence.

Land & Wildlife

Wildwood Farm has 14.55 ac of tillable fields, with a 7.80 ac field that fronts US-290 and a 6.75 ac field behind the residence. The backyard of the residence overlooks the creek in a picturesque setting with mature Live Oaks and other native tree varieties. The mid-section of the tract along the creek features mature trees that line the creek bed with beautiful rocky outcroppings, which eventually gives way to a 4.00 ac field that sits along the south bank of the river. With towering, scattered Pecan trees along the banks of the river, this area of the property offers an unmatched tranquil setting. With only light hunting pressure, the property hosts a robust herd of Axis deer. White-tailed deer, Rio Grande turkey, and Mourning dove are also abundant.

Improvements

Home, Power, & Fencing

Sitting approximately 275 yards or 825’ off of the highway is the main residence, which is a 2,501 SqFt two-story home with 4 bedrooms and 2 baths built in 1992. There is also a 1,440 SqFt metal garage built in 1990, that sits adjacent to the residence. Power provided by Central Texas Electric Co-op (CTEC) extends to the home and garage. The south, east and west boundaries are low fenced and in good condition.

Summary

Wildwood Farm is a scenic, private live water property in the heart of the Texas Hill Country Wine Corridor, stretching from US-290 to the Pedernales River. With its natural beauty, mature tree cover, tillable soil, existing improvements and nearby location relative to Fredericksburg, this unique property has all of the elements in-place to host a winery, tasting room, or other commercial development.

Financial / Title

WILDWOOD FARM, as described herein (43.80± ac), is offered at $1,850,000 or $42,237/ac Cash or at Terms acceptable solely at the discretion of the Seller.

The conditions of sale are as follows:

Offers to purchase or letters of intent must be in writing and accompanied by 1.00% of the purchase price to the escrow account at Hill Country Titles. of Fredericksburg, TX.
The Sellers will provide and pay for a standard owner’s title insurance policy. Title to the real property will be conveyed by a general or special warranty deed.
The Sellers will provide a new survey. If the survey determines that the acreage is different than what is presented in this package, the total purchase price will be adjusted by the agreed upon price per acre.
Mineral rights which the Sellers own will be conveyed to the Buyer at Closing.
All water right claims controlled by the Sellers will be transferred to the Buyer at Closing.
The property lies in the Fredericksburg ISD.
The estimated 2019 ag-exempt property taxes were $10,570.50.